Tiger Global, Steadview lead Series B for LogiNext

According to the company, it previously received $10 million in a Series A funding round led by Paytm in 2016. Other backers include the Indian Angel Network, Pitney Bowes Accelerator Program, and JioGenNext. The software provider will use the fresh capital to make complementary acquisitions, open operations in new locations and double its workforce.

Founded in 2014, LogiNext offers a cloud-based software solution to help enterprises in the transportation, logistics and delivery sectors optimize delivery routes and improve post-delivery analytics capabilities. Its services cover workforce management, real-time delivery tracking, and return package management.   

“Loginext has built a strong presence among large global customers in the last 18 months and continues to grow at breakneck speed,” said Ravi Mehta, a managing director and founder at Steadview. In India, the firm has also invested in Chargebee, UrbanClap and Lenskart in recent months. It often co-invests with Tiger Global.  

In Asia, LogiNext counts SingPost, McDonald’s and Decathlon among the 50 large enterprises that currently use its solutions. It claims to have helped deliver over a billion shipments over the years with active operations in 20 countries. The company's mid-size clients include third-party logistics providers, quick service restaurants, express couriers and supermarket chains. It claims to be a competitor to legacy providers Oracle Transportation Software and JDA Software.

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• Topics
• South Asia
• Early-stage
• Logistics
• Technology
• Transportation
• Tiger Global Management